Investing in Apple iPhone Suppliers Stocks
It took Apple Inc. more than six months to build the iPhone but curious gadget fanatics needed only minutes to tear one apart.
Within hours of the first iPhones going on sale on Friday, enthusiasts scrambled to be the first to discover what makes the devices tick, posting photos and videos of disassembled phones on the Internet.
The information is more than just academic. Apple keeps a tight grip on information about parts suppliers so "tear downs" of its products are closely watched by investors keen to figure out how to place their bets.
In the past, word that a particular part was being used in Apple’s popular iPod music players has sent that company’s shares higher.
"With every new release of an Apple product, the hype and interest ratchets up a notch," said Andrew Rassweiler, an analyst with market research firm iSuppli.
Marvell Technology Group (Ticker: MRVL) is one of many rumored companies involved in supplying parts for the iPhone.
According to an article in the Wall Street Journal, analysts estimate that such a deal could translate into as much as a 7% increase in Marvell’s sales in 2008 if Marvell is supplying parts for the iPhone. The stock price has benefited from the rumors, rising $1, or 5.8%, to $18.2.
Other companies involved in the rumor include Samsung, Infineon Technologies AG, a Munich, Germany-based maker of baseband technology, Great Britain-based Cambridge Silicon Radio, which is supposedly supplying the device’s bluetooth connectivity, and Broadcom.
Tags: apple, iphone, ipod, stocks, investing
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